The amount of life cover premium varies from case to case depending upon various factors. First one is your age, young people have lower premium than aged persons. Secondly healthy persons have lower premium than unhealthy persons. Third factor is sex where females are offered lower premium rate as compared to males. Fourthly persons having family history of life threatening disease has to pay more than other. Fifthly smokers are always charged with extra premium amount than non smokers. Sixthly the length of life and seventhly the amount of life cover matters a lot when it comes to calculate the premium of life insurance cover.